The GSEs should be liquidated through receivership, according to a new proposal from Norbert Michel, the director of the Cato Institute’s Center for Monetary and Financial Alternatives.
Nonbanks of all sizes, except for HFAs, lost market share to all types of depositories. Even so, the rankings of the top 10 GSE sellers barely changed in the third quarter. (Includes two data tables.)
Industry players had raised concerns that the original proposal would have been too broad and included misconduct that didn’t affect safety and soundness.
Newly published comment letters show that housing and community advocacy groups support FHFA’s plan to use member incentive programs to encourage more mission-oriented lending by the FHLBanks.
Researchers compared the performance of borrowers with a credit score from FICO 10 T with previously unscoreable borrowers who are given a score based solely on traditional credit bureau data.
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